Scb X Pcl Sustainability Profile
SCB X PCL, officially known as Siam Commercial Bank X Public Company Limited, is a prominent financial institution headquartered in Thailand. Established in 1907, SCB X has evolved into a leading player in the banking and financial services industry, with a strong presence across Southeast Asia. The company offers a diverse range of services, including retail banking, corporate banking, and wealth management, distinguished by its innovative digital solutions. SCB X is recognised for its commitment to customer-centric services and technological advancements, positioning itself as a pioneer in the region. With a robust market position, SCB X has achieved significant milestones, including numerous awards for excellence in banking services. Its focus on sustainability and digital transformation continues to drive its growth and enhance its reputation in the competitive financial landscape.
DitchCarbon Score
How does Scb X Pcl's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Scb X Pcl's score of 74 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Scb X Pcl's reported carbon emissions
In 2024, SCB X Public Company Limited, headquartered in Thailand, reported total carbon emissions of approximately 12,757,000 kg CO2e for Scope 1, 40,660,000 kg CO2e for Scope 2 (market-based), and 28,695,000 kg CO2e for Scope 3 emissions. The Scope 2 (location-based) emissions were about 62,080,000 kg CO2e. In 2023, the company recorded emissions of approximately 11,518,000 kg CO2e for Scope 1, 51,629,000 kg CO2e for Scope 2 (market-based), and 30,061,000 kg CO2e for Scope 3. SCB X has set ambitious climate commitments, including a target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030 from a 2023 base year. This target is part of their commitment to achieving net-zero emissions across all scopes by 2050, as validated by the Science Based Targets initiative (SBTi). The company aims to cover 20% of its total investment and lending by total assets in alignment with these targets. The emissions data is not cascaded from any parent organization, indicating that SCB X is independently reporting its carbon footprint and climate initiatives. The company is actively working towards reducing its environmental impact while contributing to global climate goals.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 8,039,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 42,430,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 |
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Scb X Pcl's Scope 3 Categories Breakdown
Scb X Pcl's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 6% since 2023, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 37% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 90% of Scope 3 emissions.
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Scb X Pcl's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Scb X Pcl has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Common questions about Scb X Pcl's sustainability data and climate commitments
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